TradingMarkets Most Overbought and Oversold ETFs for Monday

Most Overbought

The following ETFs are the most overbought for Monday, September 28, 2009 and are due for a short term reversal. This analysis is based on research published in Larry Connors’ new book, High Probability ETF Trading.

iShares Barclays 20+ Year Treasury Bond Fund ETF
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iShares Barclays 7-10 Treasury Bond Fund
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IEF |
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ProShares UltraShort QQQ ETF
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QID |
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ProShares UltraShort Russell 2000 ETF
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TWM |
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ProShares Short S&P 500 ETF
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SH |
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ProShares UltraShort S&P 500 ETF
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SDS |
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ProShares UltraShort Basic Materials ETF
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SMN |
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ProShares UltraShort Dow 30 ETF
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DXD |
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ProShares UltraShort FTSE/Xinhua China 25 ETF
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FXP |
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DB Gold Double Short ETN
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ProShares Short Dow 30 ETF
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DOG |
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ProShares UltraShort Financials ETF
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SKF |
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United States Natural Gas Fund ETF
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UNG |
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ProShares UltraShort Oil & Gas ETF
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DUG |
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ProShares UltraShort Real Estate ETF
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SRS |
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PowerShares DB Agriculture Fund ETF
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DBA |
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Overbought ETF Chart of the Day – ProShares UltraShort QQQ ETF – QID

QID Chart

Most Oversold

The following ETFs are the most oversold for Monday, September 28, 2009 and are due for a short term reversal. This analysis is based on research published in Larry Connors’ new book, High Probaility ETF Trading.

iShares Dow Jones U.S. Home Construction Index Fund ETF
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ITB |
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SPDR Homebuilders ETF
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XHB |
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iShares Russell 1000 Growth Index Fund ETF
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IWF |
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iShares Dow Jones Transportation Average Index Fund ETF
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IYT |
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PowerShares Water Resource Portfolio ETF
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PHO |
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Retail HOLDRS ETF
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RTH |
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iShares Dow Jones Select Dividend Index Fund ETF
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DVY |
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iShares Russell 1000 Index Fund ETF
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IWB |
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Utilities Select Sector SPDR ETF
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XLU |
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iShares Russell MidCap Growth Index Fund ETF
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IWP |
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PowerShares QQQ Trust ETF
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iShares Russell MidCap Value Index Fund ETF
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IWS |
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iShares Russell 3000 Index Fund ETF
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IWV |
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Vanguard Growth ETF
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ProShares Ultra QQQ Trust ETF
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QLD |
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iShares S&P MidCap 400 Index Fund ETF
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IJH |
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Consumer Discretionary Select Sector SPDR ETF
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XLY |
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SPDRS S&P MidCap Trust Series ETF
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MDY |
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iShares Russell 2000 Index Fund ETF
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IWM |
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ProShares Ultra MidCap 400 ETF
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MVV |
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Market Vectors Agribusiness ETF
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MOO |
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iShares Dow Jones U.S. Technology Sector Index Fund ETF
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IYW |
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Vanguard Total Stock Market ETF
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VTI |
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Rydex S&P Equal Weight ETF
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RSP |
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iShares Russell 1000 Value Index Fund ETF
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IWD |
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iShares Russell 2000 Value Index Fund ETF
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IWN |
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iShares Russell 2000 Growth Index Fund ETF
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IWO |
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ProShares Ultra S&P 500 ETF
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SSO |
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Vanguard Small Cap ETF
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VB |
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ProShares Ultra Russell 2000 ETF
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UWM |
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Oversold ETF of the Day – iShares Russell 1000 Growth Index Fund ETF – IWF

IWF Chart

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